April 12, 2013 - Issue #681
In This Issue
1. Traders Resource Corner: SierraChart
2. Hot Market Review - Bulls are still in charge of US Treasury Bonds
3. Economic Calendar
1. Traders Resource Corner: SierraChart
SierraChart is one of the best kept secrets in the futures trading arena. This charting package offers some of the most comprehensive indicators, chart types, custom studies and so much more!
SierraChart is a professional trading platform for the financial markets and supports manual, automated and simulated trading.
To get started with a real-time demo of SierraChart visit: our TransactAT download page. This top-of-the-line platform includes SierraChart, free real time data and everything you need to get started.
After the free demo, if you decide to open an account, you will get this charting package for FREE as long as you trade 10 contracts per month, otherwise the cost is $15.95 per month.
2. Hot Market Review - Bulls are still in charge of US Treasury Bonds
Bond Market Bull Still Have Near-Term Chart Advantage
If you like this Newsletter, Please share!From our friend Jim Wyckoff
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge
June U.S. Treasury bond futures prices have backed well down from last week's high, which is now strong overhead technical resistance. However, an uptrend line remains in place on the daily bar chart and the bond market bulls are maintaining the near-term technical advantage. However, the bulls need to show fresh power soon to keep their technical edge and to keep the uptrend line in place.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 04/15 Mon |
7:30 AM CDT - NOPA Crush 7:30 AM CDT - Empire Manufacturing(Apr) 8:00 AM CDT - Net Long-Term TIC Flows(Feb) 9:00 AM CDT - NAHB Housing Market Index(Apr) |
LT: Apr Eurodollar(CME) May Sugar-11 Options(NYM) |
| 04/16 Tues |
7:30 AM CDT - Building Permits & Housing Starts 7:30 AM CDT - Core CPI & CPI(Mar) 8:15 AM CDT - Capacity Util & Industrial Prod(Mar) |
|
| 04/17 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book(Apr) 3:00 PM CDT - Dairy Products Sales |
FN: May Cocoa(ICE) LT: May Crude Lt Options(NYM) May Platinum Options(NYM) May Palladium Options(NYM) |
| 04/18 Thurs |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Mar) 9:00 AM CDT - Philadelphia Fed(Apr) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 04/19 Fri |
2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Milk Production |
LT: Apr Nikkei Options(CME) Apr DJIA Options(CME) Apr S&P 500 Options(CME) Apr E-Mini S&P 500 Options(CME) Apr NASDAQ Options(CME) Apr E-Mini NASDAQ Options(CME) Apr Russell Options(CME) May Orange Juice Options(ICE) |
| 04/22 Mon |
9:00 AM CDT - Exiting Home Sales(Mar) 2:00 PM CDT - Cold Storage |
FN: May Coffee(ICE) LT: May Crude Lt(NYM) |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
